Tower Research Capital LLC TRC raised its holdings in shares of Ralph Lauren Corp (NYSE:RL) by 71.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,917 shares of the textile maker’s stock after acquiring an additional 1,636 shares during the period. Tower Research Capital LLC TRC’s holdings in Ralph Lauren were worth $445,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Marshall Wace LLP increased its holdings in Ralph Lauren by 291.9% in the 1st quarter. Marshall Wace LLP now owns 735,437 shares of the textile maker’s stock worth $95,371,000 after acquiring an additional 547,787 shares in the last quarter. Marshall Wace North America L.P. increased its holdings in Ralph Lauren by 323.4% in the 1st quarter. Marshall Wace North America L.P. now owns 257,893 shares of the textile maker’s stock worth $33,444,000 after acquiring an additional 196,988 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Ralph Lauren by 4.4% in the 2nd quarter. Renaissance Technologies LLC now owns 4,106,694 shares of the textile maker’s stock worth $466,479,000 after acquiring an additional 171,700 shares in the last quarter. Westfield Capital Management Co. LP purchased a new stake in Ralph Lauren in the 1st quarter worth $18,361,000. Finally, Capital Fund Management S.A. increased its holdings in Ralph Lauren by 101.9% in the 2nd quarter. Capital Fund Management S.A. now owns 1,875 shares of the textile maker’s stock worth $213,000 after acquiring an additional 101,975 shares in the last quarter. Institutional investors and hedge funds own 65.66% of the company’s stock.
In other news, major shareholder Family L.L.C. Lauren sold 71,428 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $110.01, for a total transaction of $7,857,794.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders have sold 428,568 shares of company stock valued at $44,841,070. 34.26% of the stock is currently owned by corporate insiders.
Ralph Lauren stock traded down $1.62 during midday trading on Thursday, reaching $96.92. The company’s stock had a trading volume of 16,773 shares, compared to its average volume of 1,275,353. Ralph Lauren Corp has a fifty-two week low of $82.69 and a fifty-two week high of $139.56. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.68 and a current ratio of 2.30. The stock’s 50 day simple moving average is $92.92 and its 200 day simple moving average is $112.36. The firm has a market capitalization of $7.50 billion, a PE ratio of 13.48, a P/E/G ratio of 1.87 and a beta of 0.88.
Ralph Lauren (NYSE:RL) last released its earnings results on Tuesday, July 30th. The textile maker reported $1.77 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.11. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.43 billion. Ralph Lauren had a return on equity of 18.33% and a net margin of 6.91%. Ralph Lauren’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.54 earnings per share. Equities analysts predict that Ralph Lauren Corp will post 7.68 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Stockholders of record on Friday, September 27th will be paid a dividend of $0.688 per share. This represents a $2.75 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend is Thursday, September 26th. This is an increase from Ralph Lauren’s previous quarterly dividend of $0.69. Ralph Lauren’s dividend payout ratio is 38.25%.
About Ralph Lauren
Ralph Lauren Corp. engages in the design, marketing and distribution of premium lifestyle products. The firm offers apparel, accessories, home furnishings, and other licensed product. It operates through the following segments: North America, Europe, and Asia. The North America segment consists of sales of Ralph Lauren branded apparel, accessories, home furnishings, and related products made through the Company’s wholesale and retail businesses in the U.S.
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